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DNR COLORADO <br /> CO Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> December 16, 2016 <br /> Mr. Bryan Sperry, Manager <br /> Bow Mar Water and Sanitation District <br /> 8739 W. Coal Mine Ave. <br /> Littleton, Colorado, 80123 <br /> Re: Rehabilitation and Replacement of Water Meters <br /> Loan Contract Number CT2016-2516 <br /> NOTICE OF PROJECT SUBSTANTIAL COMPLETION <br /> Dear Mr. Sperry: <br /> This letter is to advise you that the Project referenced above was substantially completed on <br /> November 1, 2016. In accordance with the Loan Contract, the Company owes $1,099.03 for interest <br /> accrued during the construction phase of the Project (see attached Project Expenditure Schedule). <br /> Please make this "interest only payment" check payable to the Colorado Water Conservation Board and <br /> include the Loan Contract Number on the check. <br /> The total amount disbursed under this contract was $331,407.15 ($328,125.89 plus $3,281.26 for the 1% <br /> service fee). An adjustment of $1,387.85 will be made to the contract for funds no longer needed. Peg <br /> Mason, Contracts Manager, will follow up with an executed "Option Letter" reflecting the adjusted <br /> amount. The first annual loan payment will be due on November 1, 2017, in the amount of 38,320.06 as <br /> presented in the attached Loan Repayment Schedule and Promissory Note. <br /> Please note, in accordance with the Borrower's Liability Insurance Provision of the Loan Contract, a <br /> renewed insurance certificate must be submitted to the CWCB annually and a Reserve Account must be <br /> maintained during the entire repayment period. <br /> It has been a pleasure working with you on the successful completion of this project. Please don't <br /> hesitate to call if you have any questions regarding this matter. <br /> Sincerely, <br /> Kirk Russell, P.E. Chief Loan Contract Amount = $332,795.00 <br /> CWCB Finance Section Expended Amount = $331,407.15 <br /> ec: Patricia Wells, CWCB Board Member - City a County of Denver Basin <br /> OF c9Q <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.usc <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * <br /> *1870 •.;, <br />